Revenues

3 Months Ended

Apr. 01, 2023

Revenues

Revenues

8. Revenues

The Company groups its products as Industrial & Commercial or Home & Life based on the target markets they address. The following represents revenue by product category (in thousands):

	Three Months Ended
	April 1,		April 2,
	2023		2022
Industrial & Commercial	$	150,713	$	126,669
Home & Life		96,074		107,145
	$	246,787	$	233,814

A portion of the Company’s sales are made to distributors under agreements allowing certain rights of return and/or price protection related to the final selling price to the end customers. These factors impact the timing and uncertainty of revenues and cash flows. During the three months ended April 1, 2023 and April 2, 2022, the Company recognized revenue of $4.9 million and $21.5 million, respectively, from performance obligations that were satisfied in previous reporting periods. The following disaggregates the Company’s revenue by sales channel (in thousands):

	Three Months Ended
	April 1,		April 2,
	2023		2022
Distributors	$	204,872	$	192,265
Direct customers		41,915		41,549
	$	246,787	$	233,814